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 Replies: 19 / Views: 5,147 |
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New Member
Australia
6 Posts |
My dad died 18 years ago and my mum has just now given me the job at looking into selling his coin collection. It is quite large and made up mostly of mint coin sets.
I am seeking your advice as to where and how I should go about valuing and selling. I am looking for your advice because I have no idea where to begin and I thought that you maybe able to tell me if I should just catalogue them and take the list to a dealer or sell them piece by piece.
Thank you.
Nomes.
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Moderator
 United States
23519 Posts |
Welcome Mate
There are a number of reputable dealers in the Sydney area.
some are even members of this forum.
I will wait to see what everyone else posts and then we shall evaluate all the best advice
Taking a list to the dealer will not give you a good idea of what they are worth it depends on the coins and the conditions.
do not clean them, but do make a list of them.
Get a copy of McDonalds The Pocket Guide to Australian Coins and Banknotes, this will help you get an idea of the value of the coins and the $30 investment will be worth it.
rggoodie
aka Richard
"catch em doing something right"
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New Member
 Australia
6 Posts |
Thank you, I shall go and buy the book today.
The coins are mostly mint proof sets and there are, I estimate without opening all the cabinets, may hundreds.
I also have his large stamp collection to deal with.
My mum is 78 and its all too much for her and I'm thinking the same. lol
Cheers,
Nomes.
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Pillar of the Community
Australia
1040 Posts |
If it is mainly mint sets, dealers will only give you a percentage of catalogue value, as they have to make a profit re-selling them. You may want to approach a few dealers and see what they offer, then do a completed items search on ebay to see if it is worthwhile selling there instead. |
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Valued Member
Cyprus
349 Posts |
Hi..Another idea would be to put the list on this forum once you have it. You will soon be told what coins are the most valuable..
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New Member
Australia
6 Posts |
Thanks for all your help, I really do appreciate it.
I have started to make up a spreadsheet, I am also finding a lot of 'Commemorative Medals', I have only emptied 1 small box and I did find a 1982 Commonwealth Games $200 coin in a very unassuming green wallet.
I have also discovered my Grandfarther's collection is amongst it.
I'm not sure I could burden you with such a list but if you guys are happy to assist as I clear a box I would indeed be most grateful.
The forum rules state, '2 weeks and 50 posts before advertising' and I feel that would be in breach of your site rules if I put up the list.
Thank you again, I will watch this space!
Cheers,
Nomes.
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Formerly nancyc
Australia
5385 Posts |
I think it was only meant for you to put up a list so that other members can value the coins for you and let you know if you have any really valuable items in the collection. The 50 post restriction would apply only if you wanted to sell the coins via the forum. As far as I am aware, seeking valuations is not advertising. If I'm incorrect in my interpretation of the rules, no doubt a moderator will soon chime in and let us all know.  If I had inherited a collection of the size you indicated, and I didn't want to keep it, I'd be inclined to take it to a well known Auction house and get them to auction it. Don't be in too much of a hurry to sell unless your Mother really wants to do so. By the time you finish the catalogue, you might be too attached to sell the collection.  life is a mystery to be lived not a problem to be solved
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Valued Member
Cyprus
349 Posts |
Another idea would be to post some photos and ask members for values.
I also agree with nancyc. Don't be in a hurry to sell unless you have too!. If you have duplicate items you could always keep one and sell the other.
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New Member
Australia
6 Posts |
Thank you everyone.
Box 1 - I have only put the Australian Coins on this list, I have made separate spreadsheets for other countries including New Zealand.
I hope I have provided enough information, I must say its all very interesting.
Australia Coin 200 Dollars 1982 Uncirculated 1 XII Commonwealth Games Brisbane
Australia Coin 5 Dollars 1988 Mint Proof 2 New Parliament House
Australia Coin 50 Cents 1977 Uncirculated 1 Jubilee 50 Cents
Australia Coin 50 Cents 1981 Uncirculated 1 Royal Wedding
Australia Coin 50 Cents 1982 Uncirculated 1 XII Commonwealth Games Brisbane
Australia Coin 50 Cents Various x 6 Uncirculated 1 Australian 50 Cent Collection
Australia C/Note One Dollar 1984 Uncirculated 1 Last $1 Note/1st $1 Coin
Australia Coin Five Dollars 1988 Uncirculated 1 New Parliament House
Australia Coin One Dollar 1984 Uncirculated 14
Australia Coin set 1982 Proof Mint Set 1
Australia Coin Set 1983 Uncirculated 9
Australia Coin set 1983 Proof Mint Set 1
Australia Coin set 1984 Proof Mint Set 1
Australia Coin set 1985 Uncirculated 1
Australia Coin set 1986 Proof Mint Set 3
Australia Coin set 1987 Proof Mint Set 4
There appears to be no order in the storage of the coins, I guess when both my Grandparents and my Dad passed away they were just stuck in boxes without thought of what was to be done with them in the future. I found loose pre-decimal coins in this box.
Thank you.
Regards,
Nomes.
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Pillar of the Community
Australia
1040 Posts |
Straight off, the $200 coin is gold and worth upwards of $400 last time I checked. However, that was a little while ago, it may well be worth more now.
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Valued Member
Cyprus
349 Posts |
Some coins in 85,86,87 where only available in the mint/proof sets which makes them rarer.
What's in the other boxes?
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Pillar of the Community
United States
2669 Posts |
Loose pre-decimals are good, too. If you have time, you can list those as well, although condition will become a factor if they are not mint or uncirculated like the rest. Were you able to get the book? The $200 gold is listed at 420 for Uncirculated and 440 for proof, so you were right there, Sean  |
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New Member
Australia
6 Posts |
I wasn't able to buy the book locally so I will have to go to the city on the weekend.
I am currently listing all the overseas coins at present, seems gran and gramps liked Charles and Diana a lot, lol. A few from each country I am finding.
I do appreciate all your suggestions, thanks.
Cheers,
Nomes.
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New Member
Australia
34 Posts |
Hey mate, my grandmother left her collection to me and I was soo shocked to recently find out how much it is worth. I would suggest that you go through the Mcdonalds or Renniks books, make approx apprasals yourself then take the coins that you think are worth something to a dealer and then get them to price them. Make sure you look for variances. Dont take what they say as what they are worth, just as an idea, otherwise I wouldve been ripped off over $50,000. Trust me, shop around for prices and do a little research yourself. Best off luck to you. Hope it all changes a few lives, like it ended up doing for me.....
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Valued Member
Philippines
386 Posts |
Hi Nomes, It's true that the best way before selling those coins is for you to take the gargantuan task of learning it and knowing its actual values thru books and thru other advises. We are lucky to have this forum, a lot of members here are willing to help, because it's a passion for most of us in trying to share and learn more about our hobby. Come to think of what your Dad left, I guess that after knowing all the values of each piece, and you have the capability to return that amount to your Mom - then pls, do it. Just think that instead of putting some of your money in the bank, imagine it to give the money to your Mom instead - in return you are the one buying the collection instead of others... Then I think, you are not just helping your Mom, but you are also saving the legacy which your Dad shared to you and later on passed on to your childred...its just my Half Cent opinion though |
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Valued Member
Cyprus
349 Posts |
You can order the MacDonalds coin books online. Maybe Downies or Perth Mint site. |
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Replies: 19 / Views: 5,147 |
Posted 04/18/2010 8:28 pm
